Ascot Resources (TSE:AOT) Stock Price Down 20.7% – Here’s Why

Shares of Ascot Resources Ltd. (TSE:AOT) fell 20.7% on Friday . The stock traded as low as C$0.12 and last traded at C$0.12. 5,826,493 shares changed hands during trading, an increase of 474% from the average session volume of 1,014,417 shares. The stock had previously closed at C$0.15.

Analysts Set New Price Targets

Several research firms have weighed in on AOT. BMO Capital Markets lowered their price objective on Ascot Resources from C$1.25 to C$0.75 and set an “outperform” rating on the stock in a research report on Tuesday, November 19th. Desjardins upgraded Ascot Resources to a “moderate buy” rating in a research report on Wednesday, November 20th.

Ascot Resources Stock Down 20.7 %

The company has a debt-to-equity ratio of 6.67, a current ratio of 0.23 and a quick ratio of 1.73. The company has a market cap of C$109.26 million, a P/E ratio of -5.97 and a beta of 1.46. The stock has a 50-day moving average of C$0.18 and a 200 day moving average of C$0.24.

Ascot Resources Company Profile

Ascot Resources Ltd is a development and exploration company. It is a focused gold and silver explorer with a portfolio of advanced and grassroots projects in the Golden Triangle region of British Columbia. It holds an interest in Premier Gold Project and Red Mountain Project. The company also has two other properties; Swamp Point, an aggregate project located in British Columbia on the Portland Canal, and Mt.